Solar prices jumped in the second quarter, reversing recent trends, on material costs and supply chain issues

Supply chain bottlenecks and rising raw materials costs are hitting the solar industry.

Prices rose quarter over quarter and year over year during the second quarter across residential, commercial and utility-scale solar for the first time since Wood Mackenzie started tracking the sector in 2014, according to a new report.

The Department of Energy last week unveiled a blueprint for solar to grow from 3% of electricity generation today to 45% by 2050, but aggressive cost reductions will be necessary.

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